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I think that's not the right lens to view it through. To me, this is more like a turbo charged version of Bezos buying the Washington Post. Twitter might be tot
by eigenvalue 4y ago
I think that's not the right lens to view it through. To me, this is more like a turbo charged version of Bezos buying the Washington Post. Twitter might be totally insignificant in terms of eyeballs/dollars compared to TikTok, but it is extremely important in cultural terms. It's not just about money but about influence. Also, Twitter was horrendously mismanaged for many years, probably because none of the key execs or board had enough skin in the game. Elon can probably terminate or "manage out" 80%+ of the employees without harming the underlying business meaningfully, so you can't really just look at historical financials here.
- not2b 4y agoBezos paid $250M for the WaPo. Much more like a hobby purchase than Musk blowing such a huge fraction of his net worth on a company that's unlikely ever to be profitable.
- jurassic 4y ago> Elon can probably terminate or “manage out” 80%+ of the employees without harming the underlying business meaningfully People keep saying insane stuff like this as if the site just runs itself. That is absolutely not the case.
- nebula8804 4y agoEven if this were true, do you really think it takes 7,500 employees?! Because apparently thats how many employees they have over there.